28 December 2016, GBP/USD
Daily chart: there is a weird situation, when a very active ADX does not influence price chart, and bulls can force an easy upward correction towards middle Bollinger band (1.2466)
Н4: locally we see attempts to reverse trend up. If buyers manage to break resistance level 1.2308 (upper Bollinger band), they will be able to go towards 1.2466.
Н1: there is a local bullish ADX pressure. The market is not stable, so many signals might be false. However, from the technical point of view, we can confirm H4 chart conclusions: if the pair goes higher than 1.2308, uptrend hopes might come true.
Expectations:
Core scenario - a shift to break 1.2308, and later going back to 1.2272 and then again a new shift up.
Alternative scenario - flat in 1.2272-1.2308
Solutions: buy from 1.2272
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